August 2022 Bank Of Uganda Treasury Bond Auction – 2-Year New Bond and 10-Year Reopening
In August 2022, Bank of Uganda offered two government treasury bonds — one brand new and one reopened — giving investors options for both short- and long-term goals. Whether you’re getting started or diversifying your investment timeline, this auction delivered attractive opportunities.
What Bonds Were Offered?
On Wednesday, August 10, 2022, the following bonds were auctioned:
- UG12F0808242 – 2-Year Government of Uganda Treasury Bond maturing 08-Aug-2024 (New Bond)
- UG12J2005328 – 15.000% Government of Uganda Treasury Bond maturing 20-May-2032 (10-Year Reopening)
| Bond Term | ISIN | Coupon Rate | Maturity Date | Offering Amount | Withholding Tax |
|---|---|---|---|---|---|
| 2-Year | UG12F0808242 | TBD (set by auction) | 08-Aug-2024 | UGX 200 billion | 20% |
| 10-Year | UG12J2005328 | 15.000% | 20-May-2032 | UGX 350 billion | 10% |
Note: The coupon for the 2-Year bond is set during the auction based on winning bids.
Auction Details
- Auction Date: Wednesday, August 10, 2022
- Settlement Date: Thursday, August 11, 2022 (by 12:00 PM)
- Minimum Investment:
- UGX 100,000 for non-competitive bids
- UGX 200.1 million for competitive bids via Primary Dealer Banks
- Bidding Deadline: 10:00 AM on auction day
- Coupon Payments: Paid every 6 months until maturity
- Allotment Method: All successful bids (competitive and non-competitive) were allocated at the same cut-off price, based on the highest accepted yield
Why These Bonds Matter
- The 2-year bond is ideal for short-term savers, with a fixed return paid semi-annually and a guaranteed return of principal.
- The 10-year bond is best suited for long-term financial planning, like homeownership, education, or retirement.
- Government bonds offer peace of mind with predictable income and low risk.
- You can invest starting from just UGX 100,000, making it accessible for most Ugandans.
How to Invest with Level Africa
With Level Africa, you can invest in treasury bonds 100% online — no bank visits required.
Steps to get started:
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Create an account on Level Africa
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Complete KYC with your ID or passport
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Go to Treasury Bonds under Products
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Choose bonds listed (including reopened 3Y or 20Y bonds)
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Fund your Level wallet
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Buy bonds — instantly, if marked “Available”
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Track interest and returns from your dashboard
Final Thoughts
The August 2022 bond auction offered accessible, reliable investment choices for every level of investor. Whether you’re new to bonds or building a long-term portfolio, these government-backed securities remain a safe and rewarding way to grow your wealth.
Start Now – Create an Account on Level Africa
Join our community of like minded investors like yourself today Building Wealth With Level Africa.